Category: Tax
Corporate Transparency Act, SECURE 2.0 and more!
January 22, 2024
Enjoy our latest BLS Video Update where Karly Laughlin, CPA, AEP and Mike Kelly, CPA discuss Corporate Transparency Act, SECURE 2.0 and more! Topics include General Updates with Karly Laughlin, CPA, … Continued
There’s a New Threshold for Electronically Filing Information Returns
January 19, 2024
Does your business file 10 or more information returns with the IRS? If so, you must now file them electronically. This is a significant rule change that went into effect … Continued
IRS Suspends Processing of ERTC Claims
September 20, 2023
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at least the end of 2023 … Continued
IRS Warns Businesses about ERTC Scams
August 17, 2023
The airwaves and internet are inundated these days with advertisements claiming that businesses are missing out on the lucrative Employee Retention Tax Credit (ERTC). While some employers do indeed remain … Continued
Social Security’s Future: The Current Situation & Potential Solutions
May 25, 2023
Recent reports have raised new concerns about the impending insolvency of the Social Security program, absent congressional action. Social Security reform has long been considered a “third rail” of American … Continued
U.S. Supreme Court Rules Against the IRS on Critical FBAR Issue
March 20, 2023
The U.S. Supreme Court recently weighed in on an issue regarding a provision of the Bank Secrecy Act (BSA) that has split two federal courts of appeal. Its 5-4 ruling … Continued
Reading the Tea Leaves: Potential Tax Legislation in the New Congress
February 16, 2023
The 2022 mid-term election has shifted the scales in Washington, D.C., with the Democrats no longer controlling both houses of Congress. While it remains to be seen if — and … Continued
Year-end Spending Package Tackles Retirement Planning, Conservation Easements
January 04, 2023
On December 23, 2022, Congress passed the Consolidated Appropriations Act of 2023. The sprawling year-end spending “omnibus” package includes two important new laws that could affect your financial planning: the Setting … Continued
2022 Year End Business Tax Update
December 16, 2022
Enjoy our latest BLS Video Update where Karly Laughlin, CPA, Mike Kelly, CPA and Valerie Middlebrooks, CPA discuss 2022 Business Tax Updates. Topics include The Inflation Reduction Act of 2022 … Continued
2022 Year End Individual Tax Update
December 15, 2022
Enjoy our latest BLS Video Update where Karly Laughlin, CPA, Mike Kelly, CPA and Valerie Middlebrooks, CPA discuss 2022 Individual Tax Updates. Topics include Inflation Adjustments (0:39-3:58) The Inflation Reduction … Continued